I have a Philips Coolskin, not sure of the model number but it was from the higher end of the range, approx €200 a couple of years ago. It has 3 heads, easy to clean, battery life is good (rechargable via small docking station) and it's waterproof with built in shaving gel dispenser.
I have dark hair, the shave isn't bad, but personally I think it isn't quite as good as a Mach3/Fusion or whatever the latest & greatest is now. However my main positives are never cutting myself and not needing a mirror, so being able to shave in shower or while doing something else.
Plus overall I think it works out cheaper than the top of the line disposable blades.